Increasing role of Chinese yuan in foreign trade settlements of Russia may stimulate weakening of rouble against US dollar

01.12.2022

The rouble on Tuesday rose in price against the dollar, the euro, but fell against the Chinese yuan. Trading volumes in the USDRUB and CNYRUB pairs increased, however, in the EURRUB pair there was a decrease in volumes.

On the one hand, the dynamics of the rouble against its main competitors...